Nber recession dating committee

Fogel Gary S. NBER is a private, non-profit, non-partisan organization conducting economic research and regarded as authoritative by both academic researchers and the public at large. There is no fixed rule by which country information is weighted. The Committee does not forecast. Archived from the original on May 17, How long does the Committee expect the recession to last?

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The National Bureau of Economic Research NBER is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community.

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The need for a business cycle dating committee

Who should be in charge of a BCDC? A business cycle dating committee will strengthen the information base for the economy and help gauge its changing nature. Though not listed by the NBER, another factor in favor of this alternate definition is that a long term economic contraction may not always have two consecutive quarters of negative growth, as was the case in the recession following the bursting of the dot-com bubble. TAG suggested a methodological framework for the construction of coincident, leading and lagging indicators along with a composite index for the Indian economy. Timely identification of economic contraction and its severity allows policymakers to intervene, and thereby reduce its amplitude and duration. The Reserve Bank of India RBI set up a working group of economic indicators in and a technical advisory group TAG on the development of leading indicators for the Indian economy inboth under the chairmanship of R.

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